AAPL might or might not be a head fake, but I think a failure at the confluence price level shown in this chart might augur a low risk short entry
http://guidinggod.blogspot.com/2012/05/aapl.html

Updated 5/23/2012: With the low risk entry at 570, as specified on chart, and stop at 575, AAPL is now down >3x that risk amount, nearing 553 –  As a short term trade, the idea was to have a small risk profile for it  in order to keep position size enough for healthy trade profits – A wider stop would have reduced that trade size. I would look to take profit off here, perhaps a 1/2 position…and let the remainder sit for now with stop as previous.

Tweet